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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2015
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Goodwill Carrying Amounts by Operating Segment

 

 

 

 

 

 

 

 

 

2015

 

 

Community

 

Insurance

 

 

 

 

Banking

 

Agencies

 

Total

 

 

(In thousands)

Balance as of January 1, 2015

 

$          217,618

 

$          73,880

 

$            291,498

Goodwill recorded during the year

 

 -

 

 -

 

 -

Balance as of December 31, 2015

 

$          217,618

 

$          73,880

 

$            291,498

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

Community

 

Insurance

 

 

 

 

Banking

 

Agencies

 

Total

 

 

(In thousands)

Balance as of January 1, 2014

 

$          217,618

 

$          69,182

 

$            286,800

Goodwill recorded during the year

 

 -

 

4,698 

 

4,698 

Balance as of December 31, 2014

 

$          217,618

 

$          73,880

 

$            291,498

 

Carrying Value and Accumulated Amortization of Identifiable Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

December 31, 2014

 

 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated

 

 

Amount

 

Amortization

 

Amount

 

Amortization

Amortized intangible assets:

 

(In thousands)

Core deposit intangibles

 

$                27,801

 

$            23,269

 

$                27,801

 

$            22,782

Customer relationship intangibles

 

49,639 

 

34,922 

 

49,639 

 

31,821 

Non-solicitation intangibles

 

1,650 

 

1,042 

 

1,650 

 

667 

Total

 

$                79,090

 

$            59,233

 

$                79,090

 

$            55,270

 

 

 

 

 

 

 

 

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

Trade names

 

$                     688

 

$                      -

 

$                     688

 

$                      -

 

Aggregate Amortization Expense

 

 

 

 

 

 

 

 

 

Year Ended

 

 

December 31,

 

 

2015

 

2014

 

2013

Aggregate amortization expense for:

 

(In thousands)

Core deposit intangibles

 

$                    487

 

$                526

 

$                    582

Customer relationship intangibles

 

3,101 

 

3,492 

 

2,231 

Non-solicitation intangibles

 

375 

 

425 

 

166 

Total

 

$                 3,963

 

$             4,443

 

$                 2,979

 

Future Estimated Amortization Expense

 

 

 

 

 

 

 

 

 

 

 

Core

 

Customer

 

Non-

 

 

 

 

Deposit

 

Relationship

 

Solicitation

 

 

 

 

Intangibles

 

Intangibles

 

Intangibles

 

Total

Estimated amortization expense:

 

(In thousands)

 

 

 

 

 

 

 

 

 

For the year ending December 31, 2016

 

$             451

 

$          2,673

 

$              225

 

$       3,349

For the year ending December 31, 2017

 

419 

 

2,380 

 

200 

 

2,999 

For the year ending December 31, 2018

 

390 

 

2,009 

 

183 

 

2,582 

For the year ending December 31, 2019

 

363 

 

1,689 

 

 -

 

2,052 

For the year ending December 31, 2020

 

340 

 

1,314 

 

 -

 

1,654